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The Global Impacts of an EU Carbon Border Adjustment Mechanism
Weko, S., Eicke, L., Marian, A., Apergi, M.
An EU Border Carbon Adjustment Mechanism (CBAM) may bring severe economic consequences to countries without the resources to adapt to a low-carbon paradigm. The EU should therefore consider possible policy risks and involve third-country stakeholders in CBAM policy design; use CBAM revenues to fund decarbonisation in at-risk countries; and build emissions reporting requirements around existing international obligations.
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